Business Dictionary :
Levy : noun : money which is demanded and collected by the government
Capital Levy = tax on the value of a person's property and possessions
Import Levy = tax on imports especially in the EEC
Import Levy = a tax on imports of farm produce from outside the EEC
Levies on Luxury Items = taxes on luxury items
Training Levy = tax to be paid by companies to fund the government's training schemes
Levy : verb : to demand payment of a tax or an extra payment and to collect it
The government has decided to levy a tax on imported cars.
To levy a duty on the import of luxury items…
To levy members for a new club house = to ask members of the club to pay for the new building…
: Royalties have been levied at a rate of 12.5% of full production.
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